And that’s the week.
But still, read it.
You know that “global slowdown” narrative that seems to be gradually supplanting the “synchronous global growth” meme that dominated in 2017? Yeah, so that was reinforced a bit on Monday.
Beleaguered banks, commodities on the come up, golf, the usual…
For now, the market mood seems to be something akin to “fuck it, we’ll worry about this later”.
This is not going to be for the faint of heart.
Good news on the political front: Angela Merkel has (finally) secured a fourth term after the SPD voted to join her CDU/CSU bloc in another coalition.
No shortage of event risk.
“We will probably never know, but I think it’s an interesting exercise to speculate on the reasons for the massive bet.”
So the real drama (if there proves to be any) will come tomorrow.
Ok, so there’s good news on Wednesday morning and there’s also some not-so-good news.
“We are in a dive.”
“We’ve come too far!”
It’s getting ugly in Europe.
This should be interesting.